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Roadrunner Buys Expedited Freight Systems

Roadrunner Transportation Systems Inc. has acquired all of the outstanding stock of Expedited Freight Systems Inc., a Midwest regional overnight less-than-truckload provider based in Kenosha, Wis., for approximately $10 million plus an earnout over four years.

EFS has 12 terminal locations throughout the upper Midwest, which enables it to provide customized, overnight service.

"The acquisition of EFS complements and expands our Midwest regional overnight service offering," said Mark DiBlasi, president and CEO of Roadrunner.

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The management team led by Tom Kurgan will remain in place and will continue to run the day-to-day operations of EFS.